Comments on: Fidelity Reopens Magellan Fund to New Investments http://genxfinance.com/fidelity-reopens-magellan-fund-to-new-investments/ Helping a unique generation achieve financial independence. Thu, 24 May 2012 01:09:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: george nick http://genxfinance.com/fidelity-reopens-magellan-fund-to-new-investments/comment-page-1/#comment-92845 george nick Wed, 05 Nov 2008 12:57:01 +0000 http://genxfinance.com/2008/01/14/fidelity-reopens-magellan-fund-to-new-investments/#comment-92845 what is maggelan funds and is it a good investment? what is maggelan funds and is it a good investment?

]]> By: Eric Toya http://genxfinance.com/fidelity-reopens-magellan-fund-to-new-investments/comment-page-1/#comment-51826 Eric Toya Tue, 15 Jan 2008 19:04:25 +0000 http://genxfinance.com/2008/01/14/fidelity-reopens-magellan-fund-to-new-investments/#comment-51826 I wrote about the same thing this morning. It's interesting that the size of the fund is roughly the same as it was when they closed. I expect they had more redemptions than deposits with new accounts not being allowed to open. So, with the expansion of world market capitalization and the new Lange's strategy of going beyond US large cap to investing in small cap and international, there are far more places for the money to be put to use. But the problem is that it's a totally different fund from the one made famous by Lynch and even from what it was two years ago. What is an investor to expect? We have no idea. I wrote about the same thing this morning.

It’s interesting that the size of the fund is roughly the same as it was when they closed. I expect they had more redemptions than deposits with new accounts not being allowed to open.

So, with the expansion of world market capitalization and the new Lange’s strategy of going beyond US large cap to investing in small cap and international, there are far more places for the money to be put to use.

But the problem is that it’s a totally different fund from the one made famous by Lynch and even from what it was two years ago. What is an investor to expect? We have no idea.

]]> By: Jeremy http://genxfinance.com/fidelity-reopens-magellan-fund-to-new-investments/comment-page-1/#comment-51795 Jeremy Tue, 15 Jan 2008 15:57:29 +0000 http://genxfinance.com/2008/01/14/fidelity-reopens-magellan-fund-to-new-investments/#comment-51795 It is a surprise to a lot of people I think. But, it certainly isn't the largest fund on wall street any more, but 45 billion is still huge. But you're right, funds that are so large have a hard time reacting to market changes with so much money changing hands. I still own a bit of Franklin Income (FKINX) from years ago, and that fund is even bigger at $61 billion. Of course, with more fixed income it is a bit easier to manage that many assets. Even so, I'm not as comfortable in these mega sized funds. It is a surprise to a lot of people I think. But, it certainly isn’t the largest fund on wall street any more, but 45 billion is still huge. But you’re right, funds that are so large have a hard time reacting to market changes with so much money changing hands.

I still own a bit of Franklin Income (FKINX) from years ago, and that fund is even bigger at $61 billion. Of course, with more fixed income it is a bit easier to manage that many assets. Even so, I’m not as comfortable in these mega sized funds.

]]> By: Frugal Dad http://genxfinance.com/fidelity-reopens-magellan-fund-to-new-investments/comment-page-1/#comment-51736 Frugal Dad Tue, 15 Jan 2008 04:43:44 +0000 http://genxfinance.com/2008/01/14/fidelity-reopens-magellan-fund-to-new-investments/#comment-51736 I read this news today and had to do a double-take. I never thought Magellan would reopen. The fact it is so large is almost a turn-off for me...sometimes the bigger things are the longer it takes them to react to things. Sort of like trying to turn an aircraft carrier on a dime. I read this news today and had to do a double-take. I never thought Magellan would reopen. The fact it is so large is almost a turn-off for me…sometimes the bigger things are the longer it takes them to react to things. Sort of like trying to turn an aircraft carrier on a dime.

]]>